Tearsheet

Hilton Grand Vacations (HGV)


Market Price (3/28/2026): $37.5 | Market Cap: $3.2 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Hilton Grand Vacations (HGV)


Market Price (3/28/2026): $37.5
Market Cap: $3.2 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Low stock price volatility
Vol 12M is 41%
Weak multi-year price returns
2Y Excs Rtn is -39%, 3Y Excs Rtn is -74%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 221%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.
  Key risks
HGV key risks include [1] a substantial debt burden that increases its vulnerability to rising consumer loan delinquencies and [2] significant financial and reputational exposure to fraudulent third-party timeshare resale activities.
0 Low stock price volatility
Vol 12M is 41%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.
2 Weak multi-year price returns
2Y Excs Rtn is -39%, 3Y Excs Rtn is -74%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 221%
4 Key risks
HGV key risks include [1] a substantial debt burden that increases its vulnerability to rising consumer loan delinquencies and [2] significant financial and reputational exposure to fraudulent third-party timeshare resale activities.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Hilton Grand Vacations (HGV) stock has lost about 10% since 11/30/2025 because of the following key factors:

1. Hilton Grand Vacations (HGV) reported a significant miss on its Q4 2025 earnings and revenue estimates. The company's adjusted diluted EPS was $0.88, falling short of the consensus estimate of $1.05 by $0.17, representing a 16.2% miss. Additionally, quarterly revenue came in at $1.33 billion, below analyst expectations of $1.38 billion, a 3.6% miss.

2. The company provided a cautious outlook for Q1 2026 and anticipated a decline in 'Volume Per Guest' (VPG). Management projected Q1 2026 contract sales and Adjusted EBITDA to be flat to slightly down, and expected VPG to decrease slightly due to lapping elevated growth rates from 2025.

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Stock Movement Drivers

Fundamental Drivers

The -11.6% change in HGV stock from 11/30/2025 to 3/27/2026 was primarily driven by a -44.4% change in the company's P/E Multiple.
(LTM values as of)113020253272026Change
Stock Price ($)42.8337.88-11.6%
Change Contribution By: 
Total Revenues ($ Mil)4,9985,0471.0%
Net Income Margin (%)1.1%1.6%51.3%
P/E Multiple71.439.7-44.4%
Shares Outstanding (Mil)88854.1%
Cumulative Contribution-11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/27/2026
ReturnCorrelation
HGV-11.6% 
Market (SPY)-5.3%51.0%
Sector (XLY)-10.4%56.9%

Fundamental Drivers

The -20.3% change in HGV stock from 8/31/2025 to 3/27/2026 was primarily driven by a -47.8% change in the company's P/E Multiple.
(LTM values as of)83120253272026Change
Stock Price ($)47.5237.88-20.3%
Change Contribution By: 
Total Revenues ($ Mil)5,0045,0470.9%
Net Income Margin (%)1.1%1.6%40.9%
P/E Multiple76.039.7-47.8%
Shares Outstanding (Mil)91857.5%
Cumulative Contribution-20.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/27/2026
ReturnCorrelation
HGV-20.3% 
Market (SPY)0.6%49.1%
Sector (XLY)-8.5%58.4%

Fundamental Drivers

The -11.7% change in HGV stock from 2/28/2025 to 3/27/2026 was primarily driven by a -20.3% change in the company's Net Income Margin (%).
(LTM values as of)22820253272026Change
Stock Price ($)42.9037.88-11.7%
Change Contribution By: 
Total Revenues ($ Mil)4,7165,0477.0%
Net Income Margin (%)2.0%1.6%-20.3%
P/E Multiple45.639.7-13.1%
Shares Outstanding (Mil)1018519.1%
Cumulative Contribution-11.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/27/2026
ReturnCorrelation
HGV-11.7% 
Market (SPY)9.8%64.8%
Sector (XLY)-1.3%69.8%

Fundamental Drivers

The -20.7% change in HGV stock from 2/28/2023 to 3/27/2026 was primarily driven by a -83.1% change in the company's Net Income Margin (%).
(LTM values as of)22820233272026Change
Stock Price ($)47.7437.88-20.7%
Change Contribution By: 
Total Revenues ($ Mil)3,6815,04737.1%
Net Income Margin (%)9.5%1.6%-83.1%
P/E Multiple16.439.7142.4%
Shares Outstanding (Mil)1208541.0%
Cumulative Contribution-20.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/27/2026
ReturnCorrelation
HGV-20.7% 
Market (SPY)69.4%54.4%
Sector (XLY)49.0%57.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HGV Return66%-26%4%-3%15%-10%29%
Peers Return29%-17%24%25%9%5%90%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
HGV Win Rate58%50%42%50%67%33% 
Peers Win Rate52%43%50%62%60%53% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
HGV Max Drawdown-5%-37%-13%-15%-18%-10% 
Peers Max Drawdown-10%-29%-11%-6%-29%-5% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VAC, TNL, MAR, HLT, H.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventHGVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-69.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven231.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven331 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-48.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven92.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,004 days120 days

Compare to VAC, TNL, MAR, HLT, H

In The Past

Hilton Grand Vacations's stock fell -40.2% during the 2022 Inflation Shock from a high on 11/18/2021. A -40.2% loss requires a 67.2% gain to breakeven.

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About Hilton Grand Vacations (HGV)

Hilton Grand Vacations Inc., a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases. The company also manages and operates the points-based Hilton Grand Vacations Club and Hilton Club exchange programs, and Diamond Clubs, which provide exchange, leisure travel, and reservation services to approximately 333,000 members, as well as engages in the rental of inventory made available due to ownership exchanges through its club programs. As of December 31, 2021, it had 154 properties located in the United States. The company was founded in 1992 and is headquartered in Orlando, Florida.

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  • Vacation Ownership Interests (Timeshares): The sale of fractional ownership intervals in vacation properties.
  • Timeshare Loan Financing: Providing financing and servicing loans for customers purchasing vacation ownership interests.
  • Resort and Club Management: Managing the operations of vacation ownership resorts and points-based vacation clubs.
  • Club Membership Services: Offering exchange, leisure travel, and reservation services through its various vacation club programs.
  • Vacation Property Rentals: Renting out available inventory from its resort properties and club exchange programs.

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Hilton Grand Vacations (HGV) primarily sells its vacation ownership interests and services directly to individual consumers, rather than to other companies. Based on the company description, its major customer categories can be described as:

  • Individuals Acquiring New Vacation Ownership Interests: This category includes individual consumers and families who are purchasing timeshare intervals, points, or other vacation ownership interests directly from Hilton Grand Vacations for the first time, or those who are expanding their current ownership portfolio with HGV.

  • Existing Members of HGV's Vacation Clubs: This comprises the approximately 333,000 individuals who are already members of the Hilton Grand Vacations Club, Hilton Club exchange programs, and Diamond Clubs. These members pay annual fees, utilize club services like exchanges, leisure travel, and reservation services, and may also be customers for upgrades or additional vacation ownership purchases.

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Hilton Worldwide Holdings Inc. (HLT)

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Mark Wang, Chief Executive Officer

Mark Wang serves as Hilton Grand Vacations' (HGV) Chief Executive Officer and is a member of its Board of Directors. He joined Hilton in 1999 and held various senior management positions before being appointed President in March 2008. During his time as President of HGV, he also served on Hilton's executive committee as Executive Vice President and held a dual role as President of Global Sales for the hotel division from 2013 to 2014. Prior to joining HGV, Mr. Wang co-founded three independent timeshare companies, where he served as President and COO of each. He is recognized for introducing the U.S. timeshare product to the Japanese market in 1987.

Daniel J. Mathewes, President and Chief Financial Officer

Daniel J. Mathewes serves as Hilton Grand Vacations' (HGV) President and Chief Financial Officer, a role he assumed in 2024 after joining the company as CFO in 2018. Before his tenure at HGV, Mr. Mathewes held CFO positions at Virgin Hotels North America and The World (Residences at Sea). His career also includes senior finance roles at Kerzner (Atlantis/One&Only), Norwegian Cruise Line, and Royal Caribbean, and he began his professional journey at PwC.

Gordon Gurnik, Senior Executive Vice President, Chief Operating Officer

Gordon Gurnik joined Hilton Grand Vacations (HGV) in 2018 as Senior Executive Vice President, Chief Operating Officer. He is responsible for leading Resort Operations, Club, Rental and Yield Management, as well as Corporate Marketing. With over 30 years of experience in the timeshare industry, Mr. Gurnik previously served as President of RCI, a global leader in vacation exchange and travel services, where he was instrumental in advancing the company's strategic direction, operations, and growth for over 3.8 million member families and 4,300 vacation ownership resorts.

Charles R. Corbin, Executive Vice President, Chief Legal Officer, and General Counsel

Charles R. Corbin serves as Hilton Grand Vacations' (HGV) Executive Vice President, Chief Legal Officer, and General Counsel. He also holds the position of Secretary for the company.

Derek De Salvia, Executive Vice President & Chief Customer Officer

Derek De Salvia is the Executive Vice President & Chief Customer Officer at Hilton Grand Vacations (HGV). In this role, he is responsible for Club Service, Inventory Management, Resort Operations, Customer Enablement, and Brand Standard functions. Prior to joining HGV in 2019, he served as Senior Vice President of Sales Operations & Business Development at HGV and also held the position of Vice President of Sales at Disney Vacation Club.

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The key risks to Hilton Grand Vacations (HGV) primarily stem from its reliance on consumer discretionary spending, the evolving nature of the timeshare industry, and the financial and operational challenges associated with its debt and recent acquisitions.

  1. Macroeconomic Pressures and Impact on Consumer Discretionary Spending: Hilton Grand Vacations' business is highly sensitive to overall economic conditions, including economic downturns, inflation, and rising interest rates. These factors can significantly reduce consumer discretionary income, impacting the demand for timeshare products and leading to lower sales and reduced average transaction values. Furthermore, HGV's business model involves financing customer purchases, making it vulnerable to rising loan delinquencies and higher default rates on its timeshare financing receivables, which could adversely affect its securitization programs.

  2. Evolving Consumer Preferences and Competition: The long-term viability of the traditional timeshare model faces challenges from evolving consumer preferences and increasing competition from flexible, on-demand vacation options such as short-term rentals, hotels, and other alternative travel clubs. Many consumers perceive timeshares as poor investments due to factors like rapidly increasing maintenance fees, the difficulty of exiting contracts, and low resale values, which can deter potential buyers and impact HGV's market share and profitability.

  3. High Debt Levels and Acquisition Integration Risks: Hilton Grand Vacations carries a significant debt load, which is typical for the timeshare industry but exposes the company to interest rate risks that could increase its debt service obligations. Additionally, the company has undertaken substantial acquisitions, such as Diamond Resorts and Bluegreen Vacations. The complex process of integrating these acquired operations is taking longer than initially anticipated, creating execution risks and potentially incurring substantial costs and expenses beyond what was foreseen. Failure to successfully integrate these businesses could hinder the realization of anticipated cost savings, synergies, and growth benefits.

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The addressable market for Hilton Grand Vacations' main products and services, primarily vacation ownership (timeshares), can be assessed both globally and within the United States. The global vacation ownership market was valued at approximately USD 12.7 billion in 2024. This market is projected to reach USD 25.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2032. Focusing on the United States, which is a significant region for Hilton Grand Vacations, the North American market accounted for nearly 41% of the global market share in 2024. The U.S. timeshare industry's sales volume reached $10.6 billion in 2023.

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Hilton Grand Vacations (HGV) is anticipated to experience future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends:

  1. Growth in Vacation Ownership Interval (VOI) Sales: The sale of vacation ownership intervals remains the primary revenue component and a key growth driver for Hilton Grand Vacations. The company reported a 9% year-over-year increase in sales of VOIs in Q4 2025 and expects low single-digit contract sales growth for the full year 2026. This growth is supported by increased tour flow and a focus on acquiring new buyers.

  2. Expansion and Enhanced Engagement of HGV Max Membership: The HGV Max membership program is a significant contributor to revenue growth. It has surpassed expectations, leading to a more than 20% increase in the lifetime value of Max members compared to non-Max members. Management expects to sustain this momentum through new member growth and owner upgrades, further enhancing the value proposition of the program.

  3. Strategic Acquisitions and Realized Synergies: The successful integration of acquisitions, such as Bluegreen Vacations (completed in January 2024), has led to $100 million in cost synergies, achieved ahead of schedule. These integrations expand the company's member base and market presence, creating opportunities for increased VOI sales and club management fees from a larger customer pool.

  4. Evolving Product Offerings and Increased Lead Generation: Hilton Grand Vacations is investing in expanding its lead generation capabilities and continuously evolving its product offerings to strengthen its value proposition. This includes introducing new benefits and developing properties that cater to shifting consumer preferences, such as the reported strong growth at its American Place property. There is also a favorable market trend where wealthy individuals are increasingly spending on experiences and services, which benefits the timeshare industry.

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Share Repurchases

  • Hilton Grand Vacations repurchased $600 million of shares in 2025.
  • In the fourth quarter of 2025, the company repurchased 3.5 million shares of common stock for $150 million.
  • As of February 19, 2026, the company had $339 million remaining under its 2025 share repurchase program. A new program authorizing up to $600 million over two years was approved on July 29, 2025.

Share Issuance

  • In August 2025, there was a secondary public offering of 7,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc.; Hilton Grand Vacations did not sell any shares and did not receive any proceeds from this offering.

Outbound Investments

  • On January 17, 2024, HGV completed the all-cash acquisition of Bluegreen Vacations Holding Corporation for $1.6 billion.

Capital Expenditures

  • Total VOI inventory spending was $369 million for the full year 2025.
  • Total VOI inventory spending was $445 million for the full year 2024.
  • Capital expenditures primarily focus on technology, buildings, and leasehold improvements to support sales and marketing locations, resort operations, and corporate activities, along with renovations of existing assets to maintain competitiveness.

Better Bets vs. Hilton Grand Vacations (HGV)

Trade Ideas

Select ideas related to HGV.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MBLY_2272026_Dip_Buyer_HighCashEquity_ExInd02272026MBLYMobileye GlobalDip BuyDB | Cash/EquityDip Buyer with High Net Cash % Equity
Buying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation
0.0%0.0%0.0%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026SAHSonic AutomotiveInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-5.9%-5.9%-6.1%
MAT_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026MATMattelInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
2.9%2.9%0.0%
SONO_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026SONOSonosInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-0.7%-0.7%-4.6%
DECK_2062026_Dip_Buyer_ValueBuy02062026DECKDeckers OutdoorDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.6%1.6%-0.8%
HGV_11302023_Dip_Buyer_ValueBuy11302023HGVHilton Grand VacationsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
19.8%23.7%-0.8%
HGV_6302022_Dip_Buyer_ValueBuy06302022HGVHilton Grand VacationsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.7%27.2%-7.9%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HGVVACTNLMARHLTHMedian
NameHilton G.Marriott.Travel+L.Marriott.Hilton W.Hyatt Ho. 
Mkt Price37.8866.0867.69317.54294.04142.31105.00
Mkt Cap3.22.34.385.368.513.58.9
Rev LTM5,0475,0324,02126,18612,0397,1016,074
Op Inc LTM6534765824,1392,693479618
FCF LTM154-295232,6081,944159341
FCF 3Y Avg191783942,4421,819408401
CFO LTM300286403,2122,129379510
CFO 3Y Avg3071554853,0442,029604544

Growth & Margins

HGVVACTNLMARHLTHMedian
NameHilton G.Marriott.Travel+L.Marriott.Hilton W.Hyatt Ho. 
Rev Chg LTM1.3%1.3%4.0%4.3%7.7%6.8%4.2%
Rev Chg 3Y Avg10.1%2.6%4.1%8.1%11.2%6.6%7.3%
Rev Chg Q3.8%-0.3%5.6%4.1%10.9%11.7%4.8%
QoQ Delta Rev Chg LTM1.0%-0.1%1.4%1.0%2.6%2.7%1.2%
Op Mgn LTM12.9%9.5%14.5%15.8%22.4%6.7%13.7%
Op Mgn 3Y Avg15.8%11.0%18.0%15.9%21.9%6.1%15.8%
QoQ Delta Op Mgn LTM0.3%-0.6%-5.4%-0.2%0.4%0.2%0.0%
CFO/Rev LTM5.9%0.6%15.9%12.3%17.7%5.3%9.1%
CFO/Rev 3Y Avg6.7%3.2%12.4%12.2%18.2%9.0%10.6%
FCF/Rev LTM3.1%-0.6%13.0%10.0%16.1%2.2%6.5%
FCF/Rev 3Y Avg4.2%1.6%10.1%9.8%16.3%6.1%7.9%

Valuation

HGVVACTNLMARHLTHMedian
NameHilton G.Marriott.Travel+L.Marriott.Hilton W.Hyatt Ho. 
Mkt Cap3.22.34.385.368.513.58.9
P/S0.60.51.13.35.71.91.5
P/EBIT6.6-17.67.620.325.433.914.0
P/E39.7-7.418.832.847.0-259.825.8
P/CFO10.781.76.826.632.235.729.4
Total Yield2.5%-8.7%8.8%3.9%2.2%0.0%2.4%
Dividend Yield0.0%4.8%3.4%0.8%0.1%0.4%0.6%
FCF Yield 3Y Avg4.8%2.3%10.8%3.3%3.2%2.9%3.2%
D/E2.32.51.30.20.20.30.8
Net D/E2.22.31.30.20.20.30.8

Returns

HGVVACTNLMARHLTHMedian
NameHilton G.Marriott.Travel+L.Marriott.Hilton W.Hyatt Ho. 
1M Rtn-22.1%13.9%-9.6%-8.6%-6.1%-15.3%-9.1%
3M Rtn-16.2%14.2%-5.9%0.8%0.2%-14.0%-2.8%
6M Rtn-12.9%-3.0%14.0%20.7%12.5%0.3%6.4%
12M Rtn0.0%3.8%48.6%31.1%27.0%14.6%20.8%
3Y Rtn-10.0%-42.0%110.7%105.8%123.8%37.7%71.7%
1M Excs Rtn-11.4%5.5%-3.7%-1.6%0.4%-9.1%-2.7%
3M Excs Rtn-7.8%22.9%2.1%9.1%8.4%-5.8%5.3%
6M Excs Rtn-8.1%-0.0%18.9%25.8%16.2%5.4%10.8%
12M Excs Rtn-12.8%-6.8%35.1%18.4%14.0%2.6%8.3%
3Y Excs Rtn-73.9%-105.9%40.2%38.7%53.7%-29.0%4.8%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Real estate sales and financing7,3496,5595,7555,5442,839
Resort operations and club management3,1631,7351,9862,14579
Corporate930391263278175
Land and infrastructure held for sale   4141
Total11,4428,6858,0048,0083,134


Price Behavior

Price Behavior
Market Price$37.88 
Market Cap ($ Bil)3.3 
First Trading Date12/13/2016 
Distance from 52W High-26.8% 
   50 Days200 Days
DMA Price$44.71$44.20
DMA Trendupdown
Distance from DMA-15.3%-14.3%
 3M1YR
Volatility36.5%41.5%
Downside Capture1.071.14
Upside Capture127.91135.59
Correlation (SPY)56.4%62.6%
HGV Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.721.811.521.461.441.32
Up Beta0.461.811.801.671.471.35
Down Beta1.801.841.531.521.211.26
Up Capture250%190%166%120%191%155%
Bmk +ve Days9203170142431
Stock +ve Days11203164118357
Down Capture165%171%127%146%133%109%
Bmk -ve Days12213054109320
Stock -ve Days10202959130390

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HGV
HGV-2.5%41.5%0.04-
Sector ETF (XLY)4.6%23.6%0.1368.3%
Equity (SPY)14.5%18.9%0.5962.9%
Gold (GLD)50.2%27.7%1.46-11.9%
Commodities (DBC)17.8%17.6%0.8515.9%
Real Estate (VNQ)0.4%16.4%-0.1550.1%
Bitcoin (BTCUSD)-21.0%44.0%-0.4127.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HGV
HGV-0.4%37.8%0.09-
Sector ETF (XLY)5.6%23.7%0.2061.7%
Equity (SPY)11.8%17.0%0.5459.4%
Gold (GLD)20.7%17.7%0.96-0.4%
Commodities (DBC)11.6%18.9%0.5015.6%
Real Estate (VNQ)3.0%18.8%0.0748.7%
Bitcoin (BTCUSD)4.7%56.6%0.3025.6%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HGV
HGV4.7%42.6%0.27-
Sector ETF (XLY)11.6%21.9%0.4961.2%
Equity (SPY)14.0%17.9%0.6760.7%
Gold (GLD)13.3%15.8%0.70-0.7%
Commodities (DBC)8.2%17.6%0.3924.0%
Real Estate (VNQ)4.7%20.7%0.1953.8%
Bitcoin (BTCUSD)66.9%66.8%1.0618.4%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity6.0 Mil
Short Interest: % Change Since 22820261.4%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest8.3 days
Basic Shares Quantity84.8 Mil
Short % of Basic Shares7.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/26/2026-3.5%-8.1%-17.0%
10/30/2025-6.7%-6.4%-4.1%
7/31/2025-11.7%-12.6%-6.0%
2/27/20254.9%3.1%-6.5%
11/7/20243.5%8.8%4.1%
8/8/2024-7.8%-8.4%-5.3%
5/9/2024-0.6%-0.7%-6.8%
2/29/2024-7.7%-5.3%-2.9%
...
SUMMARY STATS   
# Positive696
# Negative131013
Median Positive4.2%3.6%7.1%
Median Negative-4.5%-7.3%-6.0%
Max Positive7.1%13.2%37.8%
Max Negative-11.7%-15.0%-17.0%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/26/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202403/03/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/29/202410-K
09/30/202311/06/202310-Q
06/30/202308/03/202310-Q
03/31/202304/27/202310-Q
12/31/202203/01/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/09/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/26/2026 | Prior: Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Adjusted EBITDA attributable to stockholders1.19 Bil1.21 Bil1.23 Bil5.2% RaisedGuidance: 1.15 Bil for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hernandez, CarlosSee RemarksDirectSell1110202539.992,867114,651453,087Form
2Corbin, Charles R JrSee RemarksDirectSell1104202541.8130,4261,272,1722,520,009Form
3Wang, Mark DSee RemarksDirectSell829202547.3446,3642,194,87237,951,579Form
4Corbin, Charles R JrSee RemarksDirectSell513202538.7851,0001,977,7802,337,271Form